Fastened a few washer/nut combo, I hooked the controller up and tested using AquaKeyTest. To my surprise, nothing went wrong and all the keys registered.
I had to wedge a sheet of paper between the excess trace sheets to prevent unintentional keypresses.
Finally, fastened couple more bolts making sure not to deaden the pinging sound too much(I fastened too hard at first and that completely changed the sound and feel).
I had some trouble folding the trace sheets behind the backplate, they were stiff and due to the curvature of the backplate, they did not want to fold easily.
I was afraid of accidentally severing a trace so I didn't force it in too much. Hence the ugly bulge.
Functionality-wise, the project is done! All the keys register(I am actually writing this up on this keyboard) and I wrote up a simple AutoHotKey script to mimic HHKB arrows, Home, End, PgUp and PgDn keys.
The final piece remains: putting the top plate together. I took fohat.digs suggestion of using acetone and shavings from the case cutting to make "ABS cememt". What I didn't realize was that the shell of this particular Model M is not made of ABS. I soaked those shavings in a vat of acetone for 2 days and it just sits there unimpressed.
I might try JB Weld Epoxy (as fohat.digs suggested as well) but I am unwilling to paint this so I will give it some more thought and time as I research ahead.
Easter egg: I am sure some of the readers caught it. I removed the stabilizer slot thing from the backspace key to make it 2 keys. Even before the project started, I was wondering if this could be done. When I opened up the backplate, I was pleased to find the matrix actually had a contact point under the stabilizer barrel.(I guess I could have glanced at Unicomp's membrane assembly picture). I use HHKB2 for my macbook so this will keep in line with the layout(Backspace right above Enter key, RControl + ; ' [ / for arrows, RControl + L . K , for PgUp, PgDn, Home, End). I figured this will reduce finger confusion while switching between the two.
The * key to the right of +/= key sends Bios Key Code 125(0x7D) or Windoes Key Code 255(0xFF). I haven't figured out what to map it to.
I could completely copy HHKB layout and have Esc key spot open for something else.
I deem this project 95% done. I like the fact that I can change the feel of the keys by tightening or loosening the nuts in the back anytime I want.
I was in a rush to finish this project since I was typing on a backup membrane board and I missed the bucking spring feel.
Now, I am going to take my time researching ways to glue the top shell pieces.